MANAGER (CAM) LICENSE EXAM 240 ACTUAL
QUESTIONS AND CORRECT ANSWERS 2026/2027
ALREADY GRADED A+ NEW!!!!!!!!!!!!!!!!
1. In which year was the Georgia Real Estate Commission (GREC) created?
A) 1975
B) 1925
C) 1996
D) 1980
Answer B: 1925
Rationale: The license law was enacted in 1925, and GREC was created to protect
the public from harmful acts of real estate brokers.
2. How many members serve on GREC, and what is the requirement
regarding real estate licensure?
A) 5 members, all licensed brokers
B) 6 members, one of whom is not real estate licensed (a public member)
C) 7 members, all licensed CAMs
D) 4 members, no license requirement
Answer B: 6 members, one of whom is not real estate licensed (a public
member)
,Rationale: GREC holds 6 members, with 1 member who is not real estate licensed
serving as a public member.
3. Which of the following is an authority granted to GREC?
A) Set commission rates for real estate transactions
B) Issue or deny real estate licenses
C) Establish property tax rates
D) Approve HOA budgets
Answer B: Issue or deny real estate licenses
Rationale: GREC's authority includes issuing or denying licenses, disciplining
licensees, setting rules and regulations, and establishing fees.
4. In which year was the CAM license created in Georgia?
A) 1925
B) 1975
C) 1996
D) 2000
Answer C: 1996
Rationale: The Community Association Manager (CAM) license was established in
Georgia in 1996.
5. What is the minimum age requirement for a Georgia CAM license?
,A) 21
B) 18
C) 25
D) 16
Answer B: 18
Rationale: Applicants must be at least 18 years old to qualify for a CAM license.
6. What education requirement must be met to qualify for a CAM license?
A) Bachelor's degree
B) Associate's degree
C) High school diploma or equivalent
D) No formal education required
Answer C: High school diploma or equivalent
Rationale: A high school diploma or equivalent is required to qualify for a CAM
license.
7. How many instructional hours of pre-license education are required for the
CAM license?
A) 75 hours
B) 60 hours
C) 25 hours
D) 40 hours
Answer C: 25 hours
, Rationale: A 25-hour commission-approved course is required for the CAM
license.
8. Which of the following is defined as a "licensee" under Georgia real estate
law?
A) A salesperson, associate broker, broker, or community association manager
B) Only a broker
C) Only a salesperson
D) Anyone who owns rental property
Answer A: A salesperson, associate broker, broker, or community association
manager
Rationale: A licensee is defined as a salesperson, associate broker, broker, or
community association manager.
9. Who is considered a "broker" under Georgia community association
management regulations?
A) Any licensed salesperson
B) Any person or entity that collects assessments or performs community
association management services
C) Only the owner of a management company
D) Anyone who works full-time for a developer
Answer B: Any person or entity that collects assessments or performs
community association management services